Valuation of self produced goods: Birdie Inc. produces and sells flower pots. The following information is provided by the cost accounting department to calculate production costs: - Direct material costs 3.1 - Material overhead costs 20% of direct material costs - Direct labour costs 3.4 - Labour overhead costs 110% off direct labour costs - General administration overhead costs 25% of production costs - Sales overhead costs 15% of production costs - Profit margin 20% Book value of inventory at the beginning of the year: 12000 Production level in this year 20000 units Stock taking showed that 500 units from this years production are left at the end of the business year. Calculate the book value of inventory at the end of year. Please note: Moodle sometimes shows the value here using a "." to separate Euros and Cents. You have to enter your answer by using a comma, i.e. 13,02 even though the direct costs for you might be shown as 2.8. Valuation of self produced goods: Birdie Inc. produces and sells flower pots. The following information is provided by the cost accounting department to calculate production costs: - Direct material costs 3.1 - Material overhead costs 20% of direct material costs - Direct labour costs 3.4 - Labour overhead costs 110% off direct labour costs - General administration overhead costs 25% of production costs - Sales overhead costs 15% of production costs - Profit margin 20% Book value of inventory at the beginning of the year: 12000 Production level in this year 20000 units Stock taking showed that 500 units from this years production are left at the end of the business year. Calculate the book value of inventory at the end of year. Please note: Moodle sometimes shows the value here using a "." to separate Euros and Cents. You have to enter your answer by using a comma, i.e. 13,02 even though the direct costs for you might be shown as 2.8